State with reasons whether the following Companies require registration as NBFC with Reserve Bank of India, if not who is regulating authority for these Companies: Infrastructure Debt Fund Company
CS Executive · Setting up of Business Entities and Closure · PYQS · June 2021
State with reasons whether the following Companies require registration as NBFC with Reserve Bank of India, if not who is regulating authority for these Companies: Infrastructure Debt Fund Company
Answer & Explanation:
(i) Infrastructure Debt Fund: is a company registered as NBFC to facilitate the flow of long-term debt into infrastructure projects. Infrastructure Debt Funds raise resources through issue of Rupee or Dollar denominated bonds. Hence, such Company requires registration as NBFC with Reserve Bank of India.
Topics: Financial Services
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